New Delhi, May 8 (PTI) The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute in Pune and some other [...]
Finance Minister Nirmala Sitharaman has said the recent interest rate hike by the Reserve Bank was not surprising for her but the timing was, asserting that the rising cost of funds will not impact the government's planned infrastructure investments. For the first time since August 2018, RBI had on May 4 delivered a blunt 40 [...]
New Delhi, May 8 (PTI) The cost accountants' institute has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies. The Institute of Cost Accountants of India, set up under an Act of Parliament, has around 90,000 members and about 5 lakh students. Seeking to [...]
New Delhi, May 8 (PTI) UAE Minister of Economy Abdulla bin Touq Al Marri will be leading a high-level business delegation to India this week to discuss ways to further promote trade and investments between the two countries, an official said. The visit, from May 11-15, assumes significance as both the countries have implemented the Comprehensive [...]
New Delhi, May 8 (PTI) The commercial vehicle industry is expected to grow in double-digits this fiscal, driven by favourable demand conditions amid accelerated economic activities, although high fuel prices and increase in interest rates on vehicle loans are headwinds, according to Tata Motors Executive Director Girish Wagh. The commercial vehicles segment, which saw its [...]
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as [...]
New Delhi, May 7(PTI) Delhi government in the first phase of implementing its Food Truck policy has asked agencies to identify places where food truck markets can be developed in the city similar to what exist in some of the western nations, Deputy Chief Minister Manish Sisodia said on Saturday. The food truck markets will [...]
New Delhi, May 7 (PTI) Union minister Nitin Gadkari on Saturday said his aim is to develop at least one automobile scrapping facility within 150 kilometres from each city centre, while asserting that the country has the potential to become a vehicle scrapping hub of the entire South Asian region. Speaking at the Material Recycling [...]
New Delhi, May 7 (PTI) Union minister Nitin Gadkari on Saturday said his aim is to develop at least one automobile scrapping facility within 150 kilometres from each city centre, while asserting that the country has the potential to become a vehicle scrapping hub of the entire South Asian region. Addressing an event here, Gadkari [...]
New Delhi, May 7 (PTI) As part of a mega green initiative, the Union home ministry has decided to set up rooftop solar energy panels in all installations of the Central Armed Police Forces (CAPFs) across the country. The move will help generate solar power up to 71.68 megawatts and facilitate use of green power [...]
